423.652—Postponement of effective date of a contract determination when a request for a hearing is filed timely.
        
        (a) Hearing.
         When a request for a hearing is timely filed, CMS will postpone the proposed effective date of the contract determination listed at 423.641 until a hearing decision is reached and affirmed by the Administrator following review pursuant to 423.666 in instances where a Part D sponsor or CMS requests Administrator review and the Administrator accepts the matter for review.
    
    
        
        (b) Exceptions:
        
        (1) 
         If a final decision is not reached on CMS' determination for an initial contract by July 15, CMS will not enter into a contract with the applicant for the following year.
    
    
        
        (2) 
         A contract terminated in accordance with  § 423.509(b)(2)(i) of this part will be terminated on the date specified by CMS and will not be postponed if a hearing is requested.
    
    [72 FR 68734, Dec. 5, 2007, as amended at 75 FR 19824, Apr. 15, 2010]